The practice of setting tax rates so that wealth is redistributed toward the poor is called
A) income tax.
B) earned tax credit.
C) progressive taxation.
D) communism.

Question

Quizplus · Accepted Answer

Progressive taxation is a tax strategy where the tax rate increases as the taxable amount increases, which often results in wealth being redistributed toward the poor by taxing higher income earners at higher rates.

The Practice of Setting Tax Rates So That Wealth Is